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GSTR 9 of FY 2019-20 is Available On Official Portal: CBIC

The CBIC has allowed the GST yearly Return ( GSTR-9 ) of the Fiscal Year 2019-20 on the GST Portal.

GSTR-9 of FY 2019-20 is Available

To furnish a yearly return in Form GSTR-9 for FY 2019-20 A simple guide to GSTR 9 (GST annual return form) online filing procedure with due dates. We attached all screenshots and divided into 19 sections is now present said by CBIC. the taxpayer can furnish whose Table 8A computation is finished. The computation of table 8A for the auto-populated return is in working and about to be completed.

Please assure that all relevant returns of the related year have been furnished prior to trying to file the return.

By the assessee GSTR-9 which is a yearly return needs to be furnished beneath GST. it includes the information relevant to the outward as well as inward supplies which is transacted within the previous year beneath the different authorities of taxes such as CGST, SGST & IGST Get the brief introduction of SGST, IGST and CGST. We have mentioned their full forms, meanings and adjustments of input tax credit under GST in India, and HSN codes. It is a consolidation of the monthly or quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) furnished in the year. It is tough but this return assists in an extensive reunion of the information for clear acknowledgments.

Rs 100 per day will be fined as a late fee for not filing the GSTR-9. This seeks that if one gets late in furnishing then Rs 100 under CGST & Rs 100 under SGST will be payable as a fine. Thus, the total liability is Rs 200 per day as a default. It is projected to a max of 0.25% of the assessee turnover for the state or union territory. But there is no late fee on IGST.

It is seen that furnishing the yearly Return (FORM GSTR-9/ GSTR-9A) for 2018-19 is a choice for the assessee who had an average turnover of less than Rs. 2 Crore. The filing of the reconciliation Statement in FORM GSTR 9C Get the easy guide to GSTR 9C along with complete online return filing process. GSTR 9C is a GST audit form for taxpayers having turnover more than 2 crores for 2018-19 is also optional for the assessee having an average turnover up to Rs. 5 Crore.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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